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States faced financial ruin. Now they’re swimming in cash.

Technology Manias – EᐯEᖇYTᕼIᑎG YOᑌ ᑎEEᗪ IᑎᗪEEᗪ

As the coronavirus tore across America last spring, elected leaders and economists feared the worst: the pandemic and resulting financial turmoil would devastate the budgets of states across the nation. Governors pleaded with Washington for a massive bailout. States borrowed billions to close the gap. And Mitch McConnell told them all to go bankrupt. Now, cash is raining down on state capitals as the economy rebounds faster than virtually anyone expected. The rich got richer as the stock market boomed. Businesses are begging workers to come back, juicing pay and…

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